On August 5, 1998, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was 593,333 million, a change of +$ 340 million for the week. The total includes the face value of U.S. Treasury strips and other zerocoupon bonds.1 Net of $ 16,112 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 16,112 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities.2 Net of $ 16,046 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 16,046 million was with foreign official and international accounts. Includes $ 176 million securities loaned--fully secured U.S. government securities.3 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and $ 44 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Consists of required clearing balances of $ 6,745 million and adjustments of $ 234 million to compensate for float.5 Excludes required clearing balances and adjustments to compensate for float.

* Estimated (Treasury's figures).Components may not add to totals due to rounding.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars

Change Since

ASSETS

*

Wednesday Aug 5, 1998

Wednesday Jul 29, 1998

Wednesday Aug 6, 1997

Gold certificate account

11,046

0

- 4

Special drawing rights certificate account

9,200

0

0

Coin

412

- 1

- 67

Loans

536

+ 284

+ 121

Acceptances

0

0

0

Federal agency obligations

Bought outright

526

0

- 520

Held under repurchase agreements (1)

1,955

+ 845

+ 1,737

U.S. government securities

Bought outright--Bills

199,653

- 496

+ 3,286

Notes (2)

178,887

+ 1

+ 18,363

Bonds (3)

63,367

+ 1,049

+ 9,106

Total bought outright (4)

441,908

+ 554

+ 30,755

Held under repurchase agreements (1)

530

- 7,881

- 3,221

Total U.S. government securities

442,438

- 7,327

+ 27,534

Total loans and securities

445,454

- 6,198

+ 28,873

Items in process of collection

(485)

8,382

+ 2,128

+ 528

Bank premises

1,289

+ 1

+ 29

Other assets (5)

31,252

- 774

+ 1,012

TOTAL ASSETS

(485)

507,035

- 4,843

+ 30,369

LIABILITIES

Federal Reserve notes

463,161

+ 1,501

+ 30,719

Deposits

Depository institutions

14,302

- 7,317

- 2,093

U.S. Treasury--general account

5,045

- 139

- 902

Foreign--official accounts

168

+ 10

- 19

Other

346

+ 85

- 3

Total deposits

19,860

- 7,362

- 3,018

Deferred availability cash items

(485)

7,511

+ 1,269

+ 896

Other liabilities and accrued dividends (6)

4,633

- 162

- 95

TOTAL LIABILITIES

(485)

495,165

- 4,755

+ 28,503

CAPITAL ACCOUNTS

Capital paid in

5,841

+ 22

+ 738

Surplus

5,220

0

+ 805

Other capital accounts

809

- 111

+ 323

*Figures in parentheses are the eliminations made in the consolidation process.1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ 0 million was outstanding at the end of the latest statement week.2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and $ 39 million of compensation that adjusts for the effects of inflation on the principal of such securities.3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and $ 5 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Net of $ 16,046 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 176 million securities loaned--fully secured by U.S. government securities.5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 118 million in Treasury bills maturing within 90 days.6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, August 5, 1998Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum majority of the agreements.

Millions of dollars

U.S. government securities (1)

Federal agency obligations

Loans

Acceptances

Holdings

Weekly changes

Holdings

Weekly changes

Within 15 days

359

0

Within 15 days

17,753

+ 405

2,005

+ 845

16 to 90 days

177

0

16 to 90 days

89,281

- 8,691

48

0

Over 90 days

0

0

91 days to 1 year

143,445

+ 995

114

0

Over 1 to 5 years

96,711

- 1,086

104

0

Over 5 to 10 years

43,018

0

185

0

Over 10 years

52,231

+ 1,049

25

0

Total

536

0

Total

442,438

- 7,327

2,481

+ 845

1 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and $ 44 million of compensation that adjusts for the effects of inflation on the principal of such securities.Components may not add to totals due to rounding.

H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 5, 1998Millions of dollars

ASSETS

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Gold certificate account

11,046

582

4,206

323

643

807

717

998

358

128

289

530

1,465

Special drawing rights certif. acct.

9,200

530

3,202

282

574

792

602

900

340

123

247

367

1,241

Coin

412

9

21

15

26

41

69

58

23

15

29

52

55

Loans

536

125

0

0

0

60

7

136

43

91

31

2

40

Acceptances

0

0

0

0

0

0

0

0

0

0

0

0

0

Federal agency obligations

Bought outright

526

29

195

15

34

41

32

50

18

6

15

24

66

Held under repurchase agreements(1)

1,955

0

1,955

0

0

0

0

0

0

0

0

0

0

U.S. government securities

Bought outright--Bills

199,653

10,874

74,000

5,805

12,976

15,728

12,145

19,167

7,016

2,193

5,539

9,078

25,134

Notes (2)

178,887

9,743

66,303

5,201

11,626

14,092

10,882

17,173

6,286

1,965

4,962

8,134

22,520

Bonds (3)

63,367

3,451

23,486

1,842

4,118

4,992

3,855

6,083

2,227

696

1,758

2,881

7,977

Total bought outright(4)

441,908

24,067

163,789

12,848

28,721

34,811

26,882

42,424

15,529

4,855

12,259

20,093

55,631

Held under repurchase agreements(1)

530

0

530

0

0

0

0

0

0

0

0

0

0

Total U.S.govt. securities

442,438

24,067

164,319

12,848

28,721

34,811

26,882

42,424

15,529

4,855

12,259

20,093

55,631

Total loans and securities

445,454

24,221

166,469

12,863

28,755

34,912

26,921

42,611

15,590

4,952

12,305

20,119

55,737

Items in process of collection

8,867

584

1,075

279

260

817

997

703

309

690

444

548

2,162

Bank premises

1,289

93

159

50

152

125

76

108

31

131

54

149

160

Other assets(5)

31,252

1,518

9,277

1,349

1,914

3,776

1,925

2,959

844

793

757

1,472

4,667

Interdistrict settlement account

0

-3,101

+18,342

+660

-2,835

-2,191

-734

-4,101

-1,200

+171

+1,154

+2,215

-8,381

TOTAL ASSETS

507,520

24,436

202,752

15,821

29,490

39,080

30,573

44,236

16,295

7,002

15,279

25,451

57,105

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 0 was outstanding at the end of the latest statement week.2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and $ 39 million of compensation that adjusts for the effects of inflation on the principal of such securities.3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and $ 5 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Net of $ 16,046 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 176 million securities loaned--fully secured by U.S. government securities.5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 118 million in Treasury bills maturing within 90 days.Components may not add to totals due to rounding.

H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 5, 1998Millions of dollars

LIABILITIES

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Federal Reserve notes

463,161

22,376

190,649

13,423

27,123

34,675

26,954

40,468

15,005

5,533

13,734

22,868

50,353

Deposits

Depository institutions

14,302

720

2,000

1,422

986

894

1,484

1,503

559

407

610

1,455

2,262

U.S. Treasury--general account

5,045

0

5,045

0

0

0

0

0

0

0

0

0

0

Foreign--official accounts

168

7

53

8

9

22

9

14

3

5

3

7

26

Other

346

2

125

0

1

89

1

120

0

0

7

0

1

Total deposits

19,860

729

7,223

1,430

996

1,005

1,495

1,637

563

412

621

1,462

2,288

Deferred credit items

7,996

527

879

233

285

916

879

592

292

585

487

381

1,941

Other liabilities and accrued dividends (1)

4,633

262

1,551

168

298

374

313

454

181

87

163

224

559

TOTAL LIABILITIES

495,650

23,894

200,303

15,253

28,701

36,970 ;

29,641

43,151

16,040

6,617

15,004

24,935

55,141

CAPITAL ACCOUNTS

Capital paid in

5,841

266

1,178

286

391

1,049

466

538

123

195

137

232

978

Surplus

5,220

254

1,055

273

335

818

338

502

122

189

119

271

945

Other capital accounts

809

23

215

9

63

243

127

45

10

1

19

13

41

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

507,520

24,436

202,752

15,821

29,490

39,080

30,573

44,236

16,295

7,002

15,279

25,451

57,105

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding

571,137

26,667

233,281

15,957

30,566

41,382

35,794

49,812

17,589

7,230

15,999

29,233

67,626

Less--Held by F.R. Banks

107,977

4,291

42,631

2,535

3,444

6,707

8,840

9,344

2,584

1,697

2,265

6,365

17,273

F.R. notes, net

463,161

22,376

190,649

13,423

27,123

34,675

26,954

40,468

15,005

5,533

13,734

22,868

50,353

Collateral held against F.R. notes

Gold certificate account

11,046

Special drawing rights certificate account

9,200

Other eligible assets

0

U.S.govt. and agency securities

442,914

Total collateral

463,161

1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.